Inflation Rate 2024 South Africa

Inflation Rate 2024 South Africa. All but two of 22 economists surveyed in the past week said the south african reserve bank (sarb) would cut rates by 25 basis points (bps) to 7.75% at its nov. This marks the lowest inflation rate.

Annual consumer inflation cooled for a fourth consecutive month, easing to 3,8% in september from 4,4% in august. South africa’s consumer inflation fell slightly more than expected in march, but analysts said the central bank was unlikely to start cutting interest rates for some months yet.